Price for Powders of Pig Iron in Russia - 2022

Price for Powders of Pig Iron in Russia (FOB) - 2022

The average powders of pig iron export price stood at $4,697 per ton in January 2022, with a decrease of -5% against the previous month. Over the period under review, export price indicated a slight increase from January 2021 to January 2022: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, powders of pig iron export price increased by +79.6% against September 2021 indices. The growth pace was the most rapid in December 2021 when the average export price increased by 65% against the previous month. As a result, the export price attained the peak level of $4,945 per ton, and then shrank in the following month.

There were significant differences in the average prices for the major overseas markets. In January 2022, the country with the highest price was Italy ($7,332 per ton), while the average price for exports to Ukraine ($761 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Powders of Pig Iron in Russia (CIF) - 2022

In January 2022, the average powders of pig iron import price amounted to $1,303 per ton, declining by -12.5% against the previous month. In general, import price indicated moderate growth from January 2021 to January 2022: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, powders of pig iron import price decreased by -25.3% against November 2021 indices. The growth pace was the most rapid in February 2021 when the average import price increased by 88% month-to-month. Over the period under review, average import prices attained the maximum at $1,768 per ton in May 2021; however, from June 2021 to January 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In January 2022, the country with the highest price was China ($1,335 per ton), while the price for Sweden totaled $1,193 per ton.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.8%).

Exports of Powders of Pig Iron in Russia

In 2022, the amount of powders of pig ira exported from Russia reduced sharply to 2.4K tons, dropping by -17.2% on 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 1.4% against the previous year.

In value terms, powders of pig iron exports fell to $11M in 2022. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year.

Export of Powders of Pig Iron in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5.0	4.9	4.2	3.2	-13.8%
Germany	0.5	0.5	0.9	1.9	56.0%
Taiwan (Chinese)	0.2	0.2	0.5	1.5	95.7%
South Korea	0.6	0.6	0.8	1.5	35.7%
Italy	0.2	0.1	0.2	0.9	65.1%
India	1.6	0.7	1.5	0.8	-20.6%
Ukraine	0.1	0.1	0.2	0.5	71.0%
Belarus	1.3	1.2	1.2	0.1	-57.5%
Kazakhstan	0.2	0.2	0.1	N/A	-29.3%
China	1.6	0.1	0.1	N/A	-75.0%
Others	1.6	1.1	1.8	0.1	-60.3%
Total	12.8	9.7	11.5	10.6	-6.1%

Top Export Markets for Powders of Pig Iron from Russia in 2022:

United States (632.0 tons)
Germany (352.7 tons)
Ukraine (342.6 tons)
Taiwan (Chinese) (311.3 tons)
South Korea (296.8 tons)
India (176.4 tons)
Italy (167.8 tons)
Belarus (121.1 tons)
Kazakhstan (0.4 tons)

Imports of Powders of Pig Iron in Russia

Powders of pig iron imports into Russia shrank remarkably to 4K tons in 2022, with a decrease of -26.6% against the year before. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. As a result, imports reached the peak of 5.4K tons, and then contracted markedly in the following year.

In value terms, powders of pig iron imports contracted notably to $4.8M in 2022. Over the period under review, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 73%. As a result, imports attained the peak of $6.1M, and then declined notably in the following year.

Import of Powders of Pig Iron in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	3.1	2.5	3.5	2.5	-6.9%
China	0.6	0.6	1.8	2.1	51.8%
Ukraine	0.1	0.1	0.1	0.1	0.0%
Germany	0.2	0.2	0.2	N/A	0.0%
Others	0.4	0.2	0.5	0.2	-20.6%
Total	4.4	3.5	6.1	4.8	2.9%